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Arch Capital Group Ltd. reported its fourth-quarter earnings for 2024, revealing an adjusted earnings per share (EPS) of $2.26, surpassing analysts' estimates of $1.81. The company's revenue for the quarter reached $4.14 billion, exceeding expectations of $3.88 billion. The results also indicated a net income of $925 million, with a 17% increase in net written premium, although higher catastrophe losses affected underwriting income. Year-over-year, revenue grew by 23.89%, while EPS saw a decline of 9.24%. The earnings report was part of a broader earnings roundup that included Cincinnati Financial and CNA.
Arch Capital Group $ACGL has released its quarterly earnings. Revenue of $4.14B (+23.89% YoY) beats by $193M. EPS of $2.26 (-9.24% YoY) beats by $0.46.
Cincinnati Financial, $CINF, Q4 FY24. Results: 📊 Adj. EPS: $3.14 🟢 💰 Revenue: $2.54B 🔴 📈 Net Income: $405M 🔎 Strong property casualty underwriting profit (+40%) and higher investment income offset equity market losses, which led to a sharp decline in net income.
Arch Capital Group, $ACGL, Q4 2024. Results: 📊 Adj. EPS: $2.26 🟢 💰 Revenue: $4.14B 🟢 📈 Net Income: $925M 🔎 Strong premium growth (+17% net written) but higher catastrophe losses impacted underwriting income.